(03 AUGUST 2018)AUD/USD:Key resistance at 0.7385.

(03 AUGUST 2018)AUD/USD:Key resistance at 0.7385.

3 August 2018, 09:44
Jiming Huang
0
46

aud

Pivot (invalidation): 0.7385

Our preference

Short positions below 0.7385 with targets at 0.7350 & 0.7330 in extension.

Alternative scenario

Above 0.7385 look for further upside with 0.7400 & 0.7420 as targets.

Comment

As Long as the resistance at 0.7385 is not surpassed, the risk of the break below 0.7350

remains high. 

(By Swissquote TRADING CENTRAL) 


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